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Trueblood Real Estate

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$ 360,000

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109, 107, & 113 E Main Street Muncie, IN 47305

1 Bed

2 Baths

5,472 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,472 sqft

MLS Listing ID 202533814

Style Two Story

Bedrooms 1

Full Baths 1

Half Baths 1

Abv Grd Liv Area 5,472

Total Fin. Sqft 5472

Year Built 1927

Annual Tax Amount $3,000

Tax Year 2024

Lot Size 6,098 Sqft

Property Sub-Type Other

Property Description

After a complete remodel, this exceptional downtown Muncie property is now available and ready for a new owner. The main level has been transformed into a stunning retail space, currently leased by Parlour, one of Muncie's premier salons. The first floor offers a welcoming retail area with custom-built-ins, a luxurious ADA-accessible restroom, a stylish kitchenette, two private office spaces, multiple storage closets, and a staircase that leads to the upstairs apartment. For privacy, this staircase has been closed off, allowing each level to function independently. The upstairs apartment is a true showpiece. It features a Richard's Kitchen & Bath design with top-of-the-line Mouser cabinetry, quartz countertops, and high-end GE Café appliances. With vaulted 14-foot ceilings, a loft space for additional guests, custom closet systems, and a spa-like bathroom with laundry, this unit is both functional and luxurious. Given its location in the heart of downtown, it could easily become one of the most desirable Airbnb rentals in Muncie. This sale also includes the full parking lot at 113 E Main Street, and there is an opportunity to purchase the adjacent 107 E Main Street building for an additional $80,000. The 107 property, formerly The Mark III Tap Room, retains its original wood bar, offers an upstairs office, and includes Phase 3 electrical, making it a strong candidate for future redevelopment. Initially, the 107 building will only be sold in conjunction with 109. The Parlour Salon is income-producing with the lease at $2,180 per month through January 31, 2030. The tenant pays utilities, and the lease includes a five-year renewal option with a 5% rent increase for the next term. Recent updates include all new plumbing, electrical, roof, windows, two furnaces and AC units, a water heater, and Nest camera systems. The property also has a rare basement with poured walls. In addition to its excellent condition and strong tenant, this property is located within Muncie's River District, which makes it eligible for a highly sought-after three-way liquor license from the city for only $2,000. This is a rare opportunity to acquire a fully remodeled, income-generating downtown property with long-term stability, prime location, and tremendous future potential.

Location

State IN

County Delaware County

Area Delaware County

Zoning BC Community Business Zone

Direction Near the corner of E Main and Walnut St, downtown Muncie

Rooms

Dining Room 0 x 2180

Interior

Flooring Mixed, Tile, Wood

Appliance Building, Land, Lease

Laundry , 5

Exterior

Exterior Feature None

Garage Spaces 1.0

Fence None

Amenities Available Basement, Ceiling Fan, Storage, Alarm System-Security, Bar, Built-In Bookcase, Built-In Home Theatre, Cable Available, Ceiling-9+, Countertops-Stone, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Garden Tub, Twin Sink Vanity, Water Heater Electric, Water Softener-Rented, Sump Pump, Washer Hook-Up

Roof Type Rubber

Total Parking Spaces 5

Building

Lot Description Level, 0-2.9999

Story 2

Structure Type Brick,Masonite

New Construction No

Schools

Elementary Schools East Washington Academy

Middle Schools Northside

High Schools Central

School District Muncie Community Schools

Others

Financing Cash,Conventional,FHA,VA

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IDX information provided by the Indiana Regional MLS

Listed by Steve Slavin • Coldwell Banker Real Estate Group • Cell: 317-701-5006

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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Indianapolis, IN

Trueblood Real Estate

109, 107, & 113 E Main Street Muncie, IN 47305

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109, 107, & 113 E Main Street

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